---
schema_version: "secwatch.filing_event.v1"
accession: "0001856525-23-000048"
form_type: "8-K"
ticker: "CNM"
cik: "0001856525"
company_name: "Core & Main, Inc."
filed_at: "2023-12-05T23:59:59+00:00"
generated_at: "2026-06-07T18:17:11.364671+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Core & Main Q3 net sales flat, net income down 11%; raises FY EBITDA guide to $890-910M

## Summary
- Net sales $1,827M (+0.5%), net income $158M (-11.2%), diluted EPS $0.65 (flat YoY).
- Adjusted EBITDA $260M (-5.5%), margin 14.2%; operating cash flow $373M (+142% YoY).
- FY2023 Adjusted EBITDA guidance raised to $890-910M; net sales narrowed to $6.65-6.75B.
- Deployed ~$300M to repurchase 10M shares; net debt leverage 1.5x.
- Announced three acquisitions post-Q: Enviroscape, Granite Water Works, Lee Supply.

## SEC filing metadata
- accession: 0001856525-23-000048
- form_type: 8-K
- ticker: CNM
- cik: 0001856525
- company_name: Core & Main, Inc.
- filed_at: 2023-12-05T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1856525/000185652523000048/0001856525-23-000048-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1856525/000185652523000048/cnm-20231205.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001856525-23-000048
- JSON: https://secwatch.observer/filing/0001856525-23-000048.json
- Plain text: https://secwatch.observer/filing/0001856525-23-000048.txt

## Key facts
- Earnings Releases
  Core & Main, Inc. reported the fiscal third quarter ended October 29, 2023 results: revenue $1,827 million, net income $158 million, EPS $0.65. Guidance raised.
  - Period: the fiscal third quarter ended October 29, 2023
  - Revenue: $1,827 million
  - Net income: $158 million
  - EPS: $0.65
  - Guidance: raised
  - Result: reported results
  source text: financial results for the third quarter ended October 29, 2023. Fiscal 2023 Third Quarter Results (Compared with Fiscal 2022 Third Quarter) • Net sales increased 0.5% to $1,827 million • Gross profit margin decreased 5 0 basis points to 27.0% • Net incom e decreased 11.2% to $158 million • Adjusted EBITDA (Non-GA AP) decreased 5.5% to $260 million • Adjusted
  evidence_url: https://www.sec.gov/Archives/edgar/data/1856525/000185652523000048/0001856525-23-000048-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.